How to Play Chess3.Games
Buy ERC-1155 Chess Pieces, bet on live matches, and win when your piece captures another. Captured pieces are sold, and the proceeds are distributed to winning bettors.
1. Purchase Chess Piece NFTs
Buy chess pieces as ERC-1155 NFTs through the bonding curve mechanism. Prices change dynamically based on supply and demand.
Base Price
Price will increase with every purchase and decrease with every sale. Buy Price = Base Price + (Base Price * (Supply+1) * 0.1)
Pawn
100 $CHECK
Bishop
300 $CHECK
Knight
300 $CHECK
Rook
500 $CHECK
Queen
900 $CHECK
King
1000 $CHECK
2. Lock NFTs for Betting
Before a chess match begins, lock your NFTs on specific pieces to predict performance. Multiple users can bet on the same piece, and you can bet on multiple pieces as well as users can have bet multiple quantity of NFTs on a single piece.
3. During the Game
- If a piece captures an opponent's piece, all NFTs locked on the captured piece are sold, with proceeds distributed to capturing piece bettors.
- Uncaptured pieces' NFTs are returned to their bettors.
- If the King wins, losing King's NFTs are sold, with proceeds going to winning King's bettors.
4. Claim Rewards
After the game, the official PGN verifies results. $CHECK tokens from NFT sales are distributed to bettors based on the outcome.